Full year 2009 sales for DSM declines 11% as a result of low demand from pharmaceutical companies, delay in approvals and the loss of some large contracts. In addition the company recognised a non-cash goodwill impairment charge of €154m from its acquisition of Catalytica.
DSM
Wednesday, 24 February 2010
Pharma sales decline at DSM
Aesica plans expansion
Aesica is seeking to acquire manufacturing facilities in the US and Europe and to add high containment capabilities at one of its sites. The company believes that adding US facilities will help it attract contracts from US pharma customers.
In-pharma Technologist
Monday, 22 February 2010
Recipharm launches new biologics unit
Following its acquisition of Cobra Biomanufatcuring, Recipharm has combined the two biologics manufacturing businesses into an integrated business, RecipharmCobra Biologics.
Recipharm
Saturday, 20 February 2010
EMS Chemie interested in Lonza?
Lonza shares rose on market rumours that EMS Chemie is considering acquiring the company.
Reuters
Thursday, 18 February 2010
AMRI acquires Excelsyn
Excelsyn has been acquired by AMRI for $19m. The Holywell, Wales-based business, which was formerly part of Great Lakes, includes kilo lab, pilot plant and large scale manufacturing capabilities. AMRI Chairman and CEO Thomas D’Ambra said, "The acquisition of Excelsyn further builds out AMRI's global continuum and will increase our ability to penetrate a market space relatively untapped to date, including customers in large pharma based in Europe."
Ian Shott, President and Chief Executive of Excelsyn, acquired the Holywell business in 2004 for a £3m package including debt.
Albany Times Union
Wednesday, 17 February 2010
Codexis selects Dishman and Ampac Fine Chemicals
Dishman has been selected as the preferred contract manufacturer for Codexis. Dishman will use Codexis' biocatalysis technology to manufacture building blocks, intermediates and APIs for innovator pharmaceutical companies. Dishman will also offer the technology to its own customers. Codexis will also collaborate with Ampac Fine Chemicals to expand the application of its technology.
Codexis
Monday, 15 February 2010
Albemarle to provide manufacturing for PharmaCore customers
Albemarle will provide manufacturing services for PharmaCore customers with projects that require high volume capacity. The alliance will allow seamless technology transfer when customers require higher volumes of APIs and active ingredients.
Albemarle
Saturday, 13 February 2010
Aurelius acquires Isochem
German private equity house Aurelius has acquired Isochem from SNPE for €8m. SNPE will take on €50m in debt from Isochem. The deal is subject to approval by the SNPE board. Unions at Isochem are opposed to the deal and are expected to call for a strike. Aurelius was one of five potential acquirers and was given exclusive negotiating rights in December.
Les Echos
Cambrex sales decline in Q4
Cambrex sales decreased by 9.9% in Q4 2009 and full year sales were down 5.3% on 2008. The company said the decrease is primarily due to lower volumes of an API that utilises its polymeric drug delivery technology, lower sales of two APIs manufactured under long-term supply agreements and lower custom development revenues.
Cambrex
Year ends with an upturn for SAFC
Sigma-Aldrich's fine chemicals business, SAFC, had its best quarter of 2009 in Q4, meeting the company's expectations of improved sales as the year ended. CFO, Rakesh Sachdev, put this down to "continued demand for adjuvant products for the H1N1 vaccine production and industrial media for pharmaceutical customers, as well as customer efforts to push early stage clinical trials".
Seeking Alpha
Wednesday, 10 February 2010
EFCG welcomes excipient amendments
The addition of excipient GMP requirements to the draft amendments of the EU falsified medicines directive has been welcomed by the European Fine Chemicals Group.The European Commission's Committee on the Environment, Public Health and Food Safety (ENVI) has proposed GMP requirements for excipients in its draft opinion.
In-Pharma Technologist
Wednesday, 3 February 2010
Dishman restructures Carbogen Amcis
Dishman is restructuring its Carbogen Amcis subsidiary. Staff levels have been cut by 20% and a new CEO - currently working at another company in the sector - will join in March. Q3 sales at Carbogen Amcis fell 27% this year and the company expects to save CHF8m through the restructuring.
Business Standard
Tuesday, 2 February 2010
SynCo signs US deal
SynCo Bio Partners will provide process validation and GMP commercial manufacturing services to support the commercial launch of two separate biopharmaceutical products, from an unnamed company, for the US market. The recombinant proteins will be produced in E. coli.
SynCo BioPartners
UKTI and Chemspec USA
UK Trade and Investment is considering running a UK pavilion at the inaugural Chemspec USA show in Philadelphia in May 2011. For further information contact Tricia Francis.
Watson acquires Eden
Eden Biodesign has been acquired by Watson Pharmaceuticals for $15m. Watson had previously acquired 36% of the business through a previous acquisition last year. Following the acquisition Eden will continue to offer contract manufacturing services.
Business Week
Tough year for Lonza in 2009; cautiously optimistic for 2010
Lonza's full year results showed a 8.4% fall in sales in 2009 compared to 2008. The company said that clinical results had driven order reductions for its biopharmaceutical manufacturing business. CEO, Stefan Borgas remains optimistic for the future and said the company's previously announced re-engineering would help generate cash flow in 2010.
In-Pharma Technologist